In a statement published today in South Korea, it appears that Galaxy Note 7 has cost more than US $ 17 billion of market value of Samsung because of the decline in the value of the company's shares by 8 percent when the stock market was closed. Of course, the stock market does not represent revenue or profits, but this default amount is too large even for a large company such as Samsung. The company should be thankful because the abject failure of the battery did not happen with the Galaxy S7, but was limited to Galaxy Note 7, which has low popularity compared with Galaxy S7 phones because the implications could be even more disastrous.
In the case if Samsung decided to stop selling the phone Galaxy Note 7 difinitively, it is expected that the financial results of the company Samsung will see in the fourth quarter of this year, a clear decline because of that, because the company would be obliged to get rid of the currently stock of Galaxy Note 7 because it is not valid for use.
Overall, I hope that Samsung is able to fix the situation of Galaxy Note 7 and the conditions in general in the near future because there are many of those affected customers. And the speed of disposition may allow the company to maintain the loyalty of an important category of customers.
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